Startup Ideas AI

Many individuals living in small apartments or compact spaces struggle with limited storage and the inability to fully utilize their furniture. A startup could design and manufacture smart furniture with innovative space-saving capabilities, such as collapsible or modular designs that maximize functionality. This would cater to the growing trend of minimalism, urban living, and the need for multi-purpose furniture. The global furniture market size was valued at $608.7 billion in 2020 and is projected to reach $735.3 billion by 2027, with a CAGR of 3.9%.